Artson Engineering said that the company has received a Letter of Intent (LoI) for fabrication and painting of chemical storage tanks at Sharjah, UAE for AED 6.2 million (approx. Rs 107 miillion).
The company is engaged in pioneering work in developing products and systems in fuel handling and tankage construction activities in refineries; which led the company to become specialized in petroleum storage and handling systems.
Shares of the company declined Rs 1.05, or 2.88%, to trade at Rs 35.40. The total volume of shares traded was 7,823 at the BSE (1.21 p.m., Wednesday).